Investment Recovery Association Content Managers RSS Feed

How Investment Recovery Benefits the Supply Chain

Thu, 11 Feb 2010 21:01:43 GMT

It's not trash...it's CASH! Investment Recovery (often referred to by practitioners as IR) is the practice of recovering the highest value of assets no longer needed by a company. The IR process begins by identifying idle assets within the organization then reusing or disposing of the surplus, recouping substantial value in the process. The assets of any corporation (from supplies and process equipment to entire buildings) wear out or are no longer needed where they were originally put into service. That's where investment recovery adds exceptional value. SUPPLY CHAIN MANAGERS BENEFIT FROM SURPLUS ASSET MANAGEMENT As experts in surplus asset management, IR professionals employ a unique process to find and identify surplus assets no longer being fully utilized by their organization, then go through distinct steps designed to recoup the highest-possible value from those assets. IR practitioners save their...

Benefits of Investment Recovery

Thu, 11 Feb 2010 20:59:37 GMT

Members of the Investment Recovery Association learn procedures, improve their skills and acquire professional business contacts that allow them to provide exceptionally high return for their organizations. The following is an overview of the benefits of a professionally-managed investment recovery program and examples of the bottom-line contribution it provides. According to member data collected by the Investment Recovery Association... IR departments save their companies an average of $8 million a year; individual companies have saved as much as $150 million a year from the asset management services of investment recovery professionals. 70 to 90 percent of every sales dollar generated by investment recovery goes straight to the bottom line as profit. For every dollar generated by an IR department activity, $40-$70 in sales would be required to generate the same net effect to the company's profit. Corporations in virtually every industry...

Contact The Association

Wed, 27 Jan 2010 16:41:25 GMT

We are interested in hearing from you!

Please use this form to send us an email and an Investment Recovery Association representative will contact you as soon as possible.

Investment Recovery Association Mailing Address:

638 W. 39th Street PO Box 419264

Kansas City, MO 64111 Kansas City, MO 64141

Phone: (816) 561.5323 Fax: (816) 561.1991

Toll Free in the U.S.: (800) 728.2272

Executive Director - Jane Male, CAE

We look forward to hearing from you.

Thank-you!

IR Editorials

Thu, 10 Sep 2009 19:14:41 GMT

Catch up on some of the educational articles appearing in the Investment Recovery Business Journal, ASSET 2.0. Search Articles (Registered Users and Members Only) Download Back Issues (Members Only) Subscribe to Asset 2.0 Gordie Chennell Wins Bell Aliant Achievement Award Late in 2007, it was identified that Bell Aliant had not recovered any salvage dollars for scrap wire or wire pulled from service from large tear-down projects. Gordon Chennell, operations manager-materials, started on a fact-finding mission that led to the development of a new business process to ensure Bell Aliant received reasonable returns on the sale of this scrap wire. (read more) CMIR's Take Ethics Pledge Ethical and professional conduct are the hallmarks of those achieving Certified Manager of Investment Recovery status. Below is the pledge that almost 200 CMIRs have taken upon completing their coursework and passing the required...

Antitrust Checklist

Thu, 03 Sep 2009 20:07:24 GMT

Discussion Topics to Avoid Violation of antitrust law is a felony. Criminal sanction for antitrust violations have increased substantially in the past decade. A corporate violator may be fined as much as $10,000,000. Individuals may be punished by fines up to $350,000 and by jail sentences of up to three years. Trade association such as the Investment Recovery Association–which by their very nature involve interaction among competitors and/or suppliers and customers–are subject to close scrutiny for antitrust violations. Therefore, members must be very careful to keep their activities within the prescribed bounds, both in appearance and in actual fact. The following checklist has been prepared to provide guidance for members in their conduct at meetings or in connection with other activities. It is important to note that federal and state antitrust legislation is very extensive, and the guidelines provided herein are not exhaustive and do not provide a complete synopsis...

Membership Benefits

Fri, 28 Aug 2009 22:30:18 GMT

PDF Downloads REGULAR Member Application ASSOCIATE Member Application The Investment Recovery Association is the premier resource for companies and individuals engaged in profit-driven surplus asset management. We help investment recovery practitioners and their companies make the most of their past investments . . . everything from outdated inventory to process equipment and frequently even entire manufacturing plants and other corporate facilities that are no longer needed. By strategic use of recycling, redeployment within the organization and innovative disposition techniques, investment recovery professionals recover hundreds of millions of dollars of value in often-forgotten assets every year. Consider how these services and resources could benefit you and your company: Professional Development The CMIR designation (Certified Manager of Investment Recovery) is the only such professional recognition for...

Investment Recovery Association - Promoting professional management of surplus assets.

Fri, 31 Jul 2009 18:02:29 GMT

In an otherwise disposable world, the Investment Recovery Association and our members stand out as bright examples of responsible and profitable stewards of resources. By strategic use of recycling, redeployment, reselling and other innovative disposition techniques, investment recovery practitioners recover hundreds of millions of dollars of value in the surplus assets of their organizations each year. Learn more about the "7 R's" of Investment Recovery.

We help our member companies make the most of their past investments in assets...from surplus equipment to entire manufacturing plants and real estate. Our highly-regarded education programs-highlighted by our Seminar and Trade Shows-provide exceptional personal and professional development in the specialized field of surplus asset disposition.

Benchmark Study Topics

Tue, 28 Jul 2009 16:54:37 GMT

The Benchmark Study–now fielded every two years–provides the most current and valid method of comparing your practices and processes with other professionally-managed investment recovery departments.

Major Topics covered in the study include:

How you organize the IR function and align within the corporate structure of your organization
Details on IR department staffing, expertise and salaries
The specific investment recovery services you perform
Utilization of outsourcing
Strategies and tools used to accomplish the IR function
Utilization of the Internet, Auctions, eMail Marketing, etc.
Specific results, costs and achievements

How do you compare? Click here to find out!

Benchmark Study Results. (Members Only)

Benchmarking

Tue, 21 Jul 2009 01:19:10 GMT

How well is your investment recovery effort doing? What is the benefit-to-cost ratio? How do you compare with others in your industry? MEMBERS: The 2009 Benchmark Study responses are being tabulated. Check back for results later this summer. The Association's Benchmark Study provides the vital yardstick of our profession. As an Investment Recovery Association member, you will have the confidence to compare your efforts against others in your industry as well as investment recovery operations worldwide. Access to performance benchmarks and statistics for key industries nationwide is available ONLY to members of the Investment Recovery Association. Compiled by the Center for Advanced Purchasing Studies (CAPS), this valuable data allows members to create their own internal standards, set realistic goals and measure their progress. In 2009, the decision was made to field...

Professional Development

Tue, 21 Jul 2009 01:01:38 GMT

PDF Downloads CMIR PROGRAM Application CMIR FELLOW Application CMIR STUDY GUIDE Order Form Get AdobeAcrobat Reader (download now) Advance Your Career! The Investment Recovery Association is the premier source of professional development for investment recovery professionals. By providing ongoing education, skills training, and industry benchmarking, the Investment Recovery Association sets the standards for investment recovery practitioners worldwide. Through active participation, Association members dramatically improve their skills and professional contacts, helping them personally and professionally: 1. Attending the Annual Investment Recovery Seminar and Trade Show 2. Getting Certified! 3. Participating in Best Practices and Benchmarking. 4. Networking with Fellow Investment Recovery Professionals. Attend the annual Investment Recovery Seminar and Trade Show. Hundreds of IR practitioners across a wide range of...

ASSET 2.0, the Investment Recovery Business Journal

Tue, 21 Jul 2009 00:58:42 GMT

ASSET 2.0, the Investment Recovery Business Journal is the source for topical, informative and educational articles about the business of professionally managing the valuation and disposition of idle and surplus assets. ADVERTISING OPPORTUNITY. ASSET 2.0 represents the single most-powerful communication vehicle for reaching otherwise hard-to-find corporate surplus decision-makers. HIGHLY-TARGETED. Our audience consists 100% of Investment Recovery Professionals. UNIQUE. No other communication vehicle reaches this group of decision-makers. AFFORDABLE. Ads begin as low as $225. Grow Your Business - Advertise in ASSET 2.0 (.pdf link) ASSET 2.0 is published 6 times a year. Download the Media Kit to learn about this affordable opportunity to grow your business. EDITORIAL HIGHLIGHTS. Download and read some of the articles appearing in ASSET 2.0, the Investment Recovery Business Journal. The Rules of Managing Your Boss (.pdf link) ...

Be a Member

Tue, 21 Jul 2009 00:58:12 GMT

Membership

Investment Recovery Association membership is available to business or governmental entities, foreign or domestic; having an ongoing investment recovery program for the disposition of surplus assets which program is is ancillary to the entities' principal business activity.

ONLINE: Online membership application

Membership Application

Membership dues are outlined on the membership application.

To receive a membership packet, you can email our headquarters at info@invrecovery.org or use our online contact form.

Associate Membership

Investment Recovery Association associate membership is available to companies and individuals who can make a significant contribution toward achieving the Association's goals. Associate members may include brokers, dealers, contractors, consultants and others providing services for the sale, purchase or exchange of surplus goods and commodities.

ONLINE: Online Associate Membership Application

Membership Application

Membership dues are outlined on the membership application.

To receive a membership packet, you can email our headquarters at info@invrecovery.org or use our online contact form.

Corporate Membership Information

Tue, 21 Jul 2009 00:53:19 GMT

Corporate Membership in the Investment Recovery Association is open to business or governmental entities–worldwide–having an ongoing investment recovery program for the disposition of surplus assets. Most every category of major business is represented in our membership, all of which have the IR activity ancillary to the company's principal business activity. (Associate membership is open to entities who are brokers or dealers in the sale, purchase or exchange of surplus goods and commodities, as well as other service providers to the valuing, managing and disposition of surplus corporate assets.) Membership in the Investment Recovery Association represents a virtual Who's Who of the Global Fortune 1000. Categories of corporate membership include: Aerospace Chemical Consumer Products Educational Institutions Electrical & Telecommunications Forest Products Government Entities Manufacturing Mining/Minerals & Metals Oil & Gas ...

Associate Membership Information

Tue, 21 Jul 2009 00:52:27 GMT

Associate Membership in the Investment Recovery Association is open to companies and people who can make a significant contribution toward achieving the Association's goal of Promoting the Professional Management of Surplus Assets. Typically, Associate members are brokers, dealers, contractors, consultants and others who are actively engaged in providing services or information with respect to the disposition of surplus assets. Investment Recovery is a unique profession requiring a broad skill set, and we embrace those uniquely qualified to make such contributions to our 'Corporate' members. Associate members include the following range of business services: Appraisals Auctions-online and physical Chemicals/Plastics Demolition Contractors Environmental Remediation Electrical Equipment Refurbishment & Recycling General Business Services Investment Recovery Management IT Asset Management Laboratory & Scientific Equipment Lift Trucks ...

About the Investment Recovery Association

Tue, 21 Jul 2009 00:51:31 GMT

Promoting the professional management of surplus assets Investment Recovery (often referred to by practitioners as IR) is the practice of recouping the value of assets no longer needed by a company by identifying and reusing or disposing of surplus assets. But investment recovery managers work in dozens and dozens of industries (virtually a Who's Who of the Global Fortune 1000). The skill set required to accomplish the identification and disposition of surplus assets within a large organization are especially broad. The Investment Recovery Association is the professional organization for managers of surplus and idle assets and a diverse group of suppliers to the industry. With corporate investment recovery (IR) departments and the many organizations providing specialized services for them, the Investment Recovery Association is the premier resource for companies and individuals engaged in the professional management of surplus and idle assets. Our corporate...

Benchmarking...How Do You Compare?

Tue, 21 Jul 2009 00:48:22 GMT

Summary of Investment Recovery Benchmarks

Professionally-run Investment Recovery Departments are among the most profitable departments in their company when compared to the net benefit provided to the company's bottom line.

The ratio of gross revenue to total operating expense was 18, giving a benefit to cost ratio of 18 to 1 for the Investment Recovery Department!
The average number of transactions per investment recovery employee was 246.5.
Gross revenue per transaction was $85,381.
The average benefit provided by each investment recovery employee was $1,918,947!
Gross sales as a percentage of gross revenue was 66.18 percent.
Net sales as a percentage of gross revenue was 59.08 percent.
Net sales as a percentage of gross sales was 90.39 percent.
Internal transfers/redeployment activity as a percentage of gross revenue was 27.62 percent.
Cost savings as a percentage of total gross revenue was 9.64 percent.
There was one investment recovery employee for every 4,789 company employees.
There was one professional (exempt) investment recovery employee for every 7,155 company employees.

All revenue and cost numbers refer specifically to investment recovery dollars.

These benchmarks are based on data supplied by 74 investment recovery departments, with average company sales over $15 billion.

Take the 2009 Benchmark Survey

Tue, 21 Jul 2009 00:47:21 GMT

This offer is available for regular (corporate) members only.

If you are not a member and would like more information, click here.

Surveys due by May 31, 2009 — once completed and submitted you will receive a $50 savings certificate on your next seminar & trade show registration.

CLICK HERE TO GO TO THE SURVEY

CMIR - Certified Manager of Investment Recovery

Tue, 21 Jul 2009 00:45:38 GMT

Be Recognized as an Investment Recovery Professional! The Investment Recovery Association sets the standards for the investment recovery profession worldwide. The 'Gold Medal' for professional achievement in this industry is to achieve Certified Manager of Investment Recovery (CMIR) status. Get a Career Boost! Begun in 1994, CMIR certification has proven to further your standing in the IR profession. The CMIR program was designed not only to elevate professional standards and personal performance, but also to recognize and distinguish those who have reached the highest levels of professional achievement in investment recovery management. Fewer than 200 investment recovery professionals have earned the CMIR designation, so this is an elite group! Individuals obtaining the designation have been tested to meet high standards of current knowledge, expertise and professionalism and have pledged to adhere to a strict CMIR Code of Ethics. Once the CMIR...

Why Register for this website?

Tue, 21 Jul 2009 00:41:54 GMT

Not ready to become a member, but still would like some of the membership benefits?

Access to the archives of Asset 2.0, the premiere source for Investment Recovery information.
Access to specialized documents, such as The 7 R's Every IR Professional Should Know.
A complimentary online subscription to Asset 2.0. (A $25 value)
Updates and News from the Investment Recovery Association

Register today and have instant access to these and other exclusive features of the Investment Recovery Association website!

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